$INJ
#StrategyBTCPurchase #/USDT Daily Analysis
Current Price: $3.198
24H Change: +4.10%
Strong intraday wick to $3.94 showing aggressive buying.
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📊 Technical Overview
Price bounced from
$2.95–$3.00 support zone
Currently trading around MA(7) ≈ $3.13
Still below MA(25) ≈ $3.45
Major trend resistance at MA(99) ≈ $4.83
Overall structure is still downtrend, but short-term reversal attempt is visible.
The long upper wick suggests profit-taking near $3.90–$4.00.
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🔑 Key Levels
Support Zones:
$3.00 (strong base)
$2.95
$2.80 (breakdown level)
Resistance Zones:
$3.45 (MA25)
$3.90–$4.00
$4.80–$5.00 (major trend resistance)
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📈 Possible Scenarios
Bullish Scenario:
If INJ holds above $3.10–$3.20, next move could test $3.45 → $3.90.
Rejection Scenario:
Failure to hold above $3.10 may push price back toward $3.00 support.
A daily close above $3.45 would confirm stronger reversal momentum.
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📌 Bias
Short-term: Bullish attempt
Mid-term: Bearish until reclaim of $3.45
Watch volume confirmation on next candles.
Not financial advice